Bendheim Center for Finance
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The Bendheim Center for Finance is an interdisciplinary research center established by Princeton University in 1998.
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[edit] History
In 1998, Princeton University established the Bendheim Center for Finance to encourage interdisciplinary research in finance from a quantitative or mathematical perspective. The Center's research activities focus on the study of financial markets and asset prices, financial structure of firms, commercial banks and other financial intermediaries, and linkages between financial economics and such fields as engineering, operations research, mathematics, computer science, psychology and public policy. "Proponents of the program cited similar 'professionally-oriented mathematical and computational finance programs' at Columbia, the University of Chicago and other peer institutions"[1]. Ben Bernanke is credited as the founder of the center.[2]
[edit] Facilities
The Bendheim Center for Finance is located in former Dial Lodge on Prospect Avenue, adjacent to the Economics Department's Fisher Hall and close to the Operations Research and Financial Engineering department.
[edit] Undergraduate certificate
[edit] History of the undergraduate certificate
In the fall of 1999, BCF began offering a certificate in finance, awarding the first certificates in June 2000.
Number of certificates awarded per year:
| 2000: 59 | 2001: 82 | 2002: 86 | 2003: 128 | 2004: 134 | 2005: 140 | 2006: 152 |
[edit] Masters degree
The Bendheim Center for Finance offers a Masters in Finance (MFin) degree that can be completed in 1 year (10 courses) or 2 years (16 courses). Only students with prior finance training or work experience are admitted to the 1 year option.
For Fall 2006, BCF received over 400 applications for 25 spots. The New York Sun claims that it is a popular alternative to an MBA, particularly for people wishing to go into trading and hedge fund jobs.[3]
[edit] History of the MFin degree
The Bendheim Center for Finance began offering a Masters in Finance degree in 2001, awarding the first degrees in June 2002.
Number of MFin degrees awarded per year:
| 2002: 4 | 2003: X | 2004: X | 2005: 4 | 2006: 18 |
[edit] Notable faculty (current and former)
- Ben Bernanke - Federal Reserve Chairman; former Chairman of the U.S. President's Council of Economic Advisers
- Burton Malkiel - former Dean of the Yale School of Management; author of A Random Walk Down Wall Street
- Alan Blinder - former Federal Reserve Vice Chairman
- Yacine Ait-Sahalia
- Rene Carmona
- Daniel Kahneman
